Mill Road Capital Management LLC

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Mill Road Capital Management LLC maintained a portfolio of 26 distinct positions. The most significant new addition to the portfolio was MATTHEWS INTL CORP, which now represents 2.04% of the total fund value. They heavily accumulated shares in MISTRAS GROUP INC, increasing their position by 0.0%. Conversely, Mill Road Capital Management LLC completely exited their position in PERFORMANT HEALTHCAR.
PCA Score Concentration Risk
Risk ENB
Total Positions
26
Quarter
2025 Q4
Top Holding
NVRI (22.3%)
Top 10 Concentration
83.2%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 26
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
NVRI
ENVIRI CORP
Industrials 22.26% 13.82% #1 1
Prev: #2
7.0 no change no change
P
S
2,090,743 $37,466,115 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MG
MISTRAS GROUP I...
Industrials 12.57% 8.57% #2 3
Prev: #5
6.0 300 0.0%
P
S
1,672,681 $21,159,415 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ALTG
ALTA EQUIPMENT ...
Industrials 11.73% 16.19% #3 2
Prev: #1
6.0 no change no change
P
S
4,293,208 $19,748,757 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BZH
BEAZER HOMES US...
Consumer Cyclical 10.05% 10.41% #4
Prev: #4
5.0 20,000 2.5%
P
S
834,474 $16,914,788 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GO
GROCERY OUTLET ...
Consumer Defensive 5.95% 0.29% #5 16
Prev: #21
5.9 956,593 2741.0%
P
S
991,493 $10,014,079 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BXC
BLUELINX HLDGS ...
Industrials 4.93% 4.87% #6 1
Prev: #7
4.0 7,100 5.6%
P
S
134,964 $8,290,838 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
RSVR
RESERVOIR MEDIA...
Communication Services 4.61% 1.39% #7 11
Prev: #18
4.8 697,686 212.9%
P
S
1,025,432 $7,762,520 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
QNST
QUINSTREET INC
Communication Services 4.43% 2.95% #8 2
Prev: #10
4.3 152,200 41.5%
P
S
518,879 $7,456,291 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
KRP
KIMBELL RTY PAR...
Energy 3.76% 4.27% #9 1
Prev: #8
2.0 -70,000 -11.5%
P
S
538,195 $6,329,173 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NDLS
NOODLES & CO
Consumer Cyclical 2.92% 2.31% #10 1
Prev: #11
2.2 no change no change
P
S
6,965,291 $4,917,495 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LCUT
LIFETIME BRANDS...
Consumer Cyclical 2.50% 2.15% #11 1
Prev: #12
2.0 no change no change
P
S
1,065,810 $4,209,949 2012 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FWRD
FORWARD AIR COR...
Industrials 2.49% 1.70% #12 2
Prev: #14
3.5 40,000 31.3%
P
S
167,650 $4,191,250 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NGS
NATURAL GAS SVC...
Energy 2.18% 5.90% #13 7
Prev: #6
0.9 -295,745 -73.1%
P
S
109,000 $3,667,850 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MATW
MATTHEWS INTL C...
Industrials 2.04% #14
Prev: #—
4.3 131,615 no change
NEW
131,615 $3,437,784 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BBCP
CONCRETE PUMPIN...
Industrials 1.72% 1.57% #15 1
Prev: #16
1.2 1,800 0.4%
P
S
430,805 $2,890,702 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PLAB
PHOTRONICS
Technology 1.52% 3.88% #16 7
Prev: #9
0.6 -244,420 -75.3%
P
S
80,200 $2,566,400 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CVEO
CIVEO CORP
Consumer Cyclical 1.25% 0.17% #17 6
Prev: #23
3.5 77,676 554.8%
P
S
91,676 $2,096,630 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TRUE
TRUECAR INC
Communication Services 1.19% 1.65% #18 3
Prev: #15
0.5 -837,725 -48.6%
P
S
886,075 $2,002,530 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CNTY
CENTURY CASINOS...
Consumer Cyclical 0.87% 1.49% #19 2
Prev: #17
1.3 no change no change
P
S
1,095,900 $1,457,547 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CULP
CULP INC
Consumer Cyclical 0.69% 0.75% #20 1
Prev: #19
1.3 no change no change
P
S
324,669 $1,155,822 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BLBD
BLUE BIRD CORP
Industrials 0.16% 0.17% #21 1
Prev: #22
1.1 no change no change
P
S
5,800 $272,600 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
INOTIV INC
Bond/Debt 0.14% 0.12% #22 2
Prev: #24
1.1 no change no change
P
S
1,000,000 $232,240 13F Filing 2025-12-31 2026-02-14 (Est.)
AIOT
POWERFLEET INC
Technology 0.05% 0.04% #23 2
Prev: #25
1.0 no change no change
P
S
15,000 $79,800 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PHLT
PERFORMANT HEAL...
Unknown 0.00% 13.13%
Sold All 😨
(Was: #3)
0.0 -3,261,675 -100.0%
CLOSED
$— 2015 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ZIMV
ZIMVIE INC
Unknown 0.00% 1.85%
Sold All 😨
(Was: #13)
0.0 -187,430 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TTAM
TITAN AMER SA
Basic Materials 0.00% 0.37%
Sold All 😨
(Was: #20)
0.0 -47,100 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 26 holdings

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